Minneapolis-St. Paul Office Market Report [Infographic] Q2 2013
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An infogrpahic showing the highlights of Colliers International's Q2 2013 office market report.
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Minneapolis-St. Paul Office Market Report [Infographic] Q2 2013
- 1. office market minneapolis-st. paul Q2 2013 | office Vacancy inches downward; large blocks remain for the numerous tenants looking for space VACANCY NET ABSORPTION RENTAL RATES Office market vacancy continued to head downward during the second quarter. VACANCY 15.4 % 25% 20% 15% 10% 5% 2005 2006 2007 2008 2009 2010 2011 2012 2013 17.4% 16.3% 15.2% 14.9% 16.8% 17.2% 16.7% PercentVacant 16.1% 15.4% Q2 We saw the ninth consecutive quarter of positive absorption in the second quarter. ABSORPTION 263,792 SF 200,000 100,000 0 (100,000) (200,000) (25,527) 49,756 20,740 20,874 27,266 170,683 SFAbsorbed Airport/ South of the River Minneapolis CBD Southwest St. Paul CBD St. Paul Suburban West/ Northwest Q2 Strong activity among medium to large users 16 users searching for 100,000+ SF 10+users searching for 20,000-100,000 SF Visit colliersmspresearch.com to read the full Q2 2013 Office Market Report.